Wednesday, January 14, 2015

General Economics

Market Watch | U.S. retail sales slump in December
Retail sales in the U.S. sank in December largely because of cheaper gasoline prices, but most stores posted surprisingly weak results during the busiest month of the shopping season.
Market Watch | U.S. import prices fall 2.5% in December owing to cheaper oil
The prices that Americans paid for imported goods fell 2.5% in December, the biggest drop in six years, amid a sharp decline in oil prices that's expected to help keep inflation on the low side for months to come.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Dodd-Frank Most Likely To Be At the Root Of a Future Crisis
In an op-ed last week, Treasury Secretary Lew defended Dodd-Frank against efforts by the new Congress to reform the financial law. In his view, changing-or even suggesting changes to-Dodd-Frank seems to be tantamount to inviting another financial crisis. Far from being the cornerstone of a new era of financial stability, however, Dodd-Frank is more likely to be at the root of a future crisis.
Wall Street Journal | World Bank Lowers Outlook for Global Economic Growth
The World Bank cut its outlook for global growth Tuesday, saying a strengthening U.S. economy and plummeting oil prices won’t be enough to offset deepening trouble in the eurozone and emerging markets.

Wall Street Journal | World Bank: India Set to Become World’s Fastest-Growing Big Economy
India is on course to overtake China to claim the position as the world’s fastest growing, big economy in the next two years, the World Bank said Tuesday, the latest vote of confidence in the roadmap set out by the new leaders of the South Asian nation to revamp the economy.